Janus Forty Fund (JACTX)

High-Conviction Large-Cap Growth Equities

SHARE CLASS

FUND FACTS (JACTX)

Inception Date5/1/1997
NAV (As of 9/3/15 )$31.32
Total Net Assets (As of 7/31/15)$2.40B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.77%
NET 0.77%

Performance (As of 6/30/15)
1 Year17.67%
3 Year18.63%
5 Year16.32%
10 Year9.33%
Morningstar (As of 7/31/15)
CategoryLarge Growth
Equity
Style Box

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance click here.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/16.

Quarterly Commentary - Q2 2015

EXECUTIVE SUMMARY

U.S. large-cap growth equities were up slightly, trading in a range-bound environment most of the period.

The Fund outperformed its benchmark.

We continue to be encouraged by the U.S. economy, but expect a modest return environment for equities in the coming months, as earnings, rather than multiple expansion, drive stock performance.

FUND MANAGEMENT

Doug Rao

Doug Rao

Fund Manager since 2013
Industry since 1998